Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands around $31.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.9 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 3.12% over the last 24 hours. At press time, ETH is trading around $296. On the week, the coin is down almost 4.5%

Speaking to Cointelegraph at Blockchain Week Rome, Teck Chia, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness.

2 Comments

deanko55

Can someone give me a clear answer to this? Bitcoin is roughly ten years old, and I think the original concept was to have instant worldwide digital transfers. But it still requires about 30 minutes for a Bitcoin transaction to clear when I sent from a wallet to Binance, or vice versa. Please explain when Bitcoin transactions will only take a second or two, as it should be. Thanks.

Massimo Di Censo

Pay a higher network fee and the transaction will happen quicker. It also depends how busy the network is with transactions, don’t know if it ever really was instant though, possibly in the beginning.

Use Litecoin if you want very low cost nearly instant transfers, as I believe it is the better alternative in that respect.